2019
The Relationship between Financial Ratios and Stock Prices of Selected European Food Companies listed on Stock Exchanges
LIGOCKÁ, Marie a Daniel STAVÁREKZákladní údaje
Originální název
The Relationship between Financial Ratios and Stock Prices of Selected European Food Companies listed on Stock Exchanges
Autoři
LIGOCKÁ, Marie (203 Česká republika, garant, domácí) a Daniel STAVÁREK (203 Česká republika, domácí)
Vydání
Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2019, 1211-8516
Další údaje
Jazyk
angličtina
Typ výsledku
Článek v odborném periodiku
Obor
50202 Applied Economics, Econometrics
Stát vydavatele
Česká republika
Utajení
není předmětem státního či obchodního tajemství
Odkazy
Kód RIV
RIV/47813059:19520/19:A0000078
Organizační jednotka
Obchodně podnikatelská fakulta v Karviné
Klíčová slova anglicky
Financial ratios; food industry; companies; Europe; stock price; GMM
Změněno: 22. 4. 2020 13:37, Ing. Petra Skoumalová
Anotace
V originále
Stock prices can be influenced by many factors. It is possible to determine two categories of variables that can affect stock prices: macroeconomic and microeconomic variables. The paper is focused on microeconomic factors, specially financial ratios that reflect business activities of the companies. According to the study of Drummen and Zimmermann (1992) the individual characteristics of companies affect up to 50 % of stock prices. The object of this paper is to examine the relationship between selected financial ratios and the stock prices of food companies listed on selected European Stock Exchanges. Time series on annual frequency are used to examine the relationship between stock prices of selected companies and financial ratios with using the Generalized Method of Moments (GMM). Based on previous research we expect to find some linkages especially between stock prices and the profitability ratios.